Mago Int’l, LLC v. LHB AG

Mago appealed from an order in which judgment was entered in favor of LHB after resolution of cross‐motions for summary judgment. Principally at issue is whether Mago complied with terms of a standby letter of credit issued by LHB - specifically whether the submission of unsigned copies of bills of lading complied with the letter’s requirement that Mago provide a photocopy of a bill of lading evidencing shipment of the goods to the applicant. The court agreed with the district court's conclusion that the unsigned copies did not evidence shipment and thus Mago did not strictly comply. The court considered Mago's remaining arguments and found them to be without merit. Accordingly, the court affirmed the judgment. View "Mago Int’l, LLC v. LHB AG" on Justia Law